AMZN: Resistance Broken, Draw to C?

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AMZN: Resistance Broken, Draw to C?Amazon.com, Inc.BATS:AMZNSmellyTazThe AMZN 4h chart is showing a really clean breakout here. For a while, price was hitting a wall at that grey S&R zone around the $248–$250 area, but this latest push has finally cleared it. It's key to notice that we’re currently operating inside a monthly FVG, which acts as our Internal Range Liquidity (IRL). Since we've tapped this IRL, the logical delivery for price is to seek out External Range Liquidity (ERL) as the primary draw. Structurally, everything is aligning nicely with this A-B-C framework. We've established a solid Wave B low, found support at the minor 'BC' block, and are now breaking upward toward the blue 'ABC Target' box between $270 and $278. Ultimately, the big magnet sits up at the previous highs around $280, representing the major ERL and our main draw on liquidity. With that old S&R ceiling now acting as a floor underneath, the direction of travel is incredibly clear. We're in the middle of a classic IRL to ERL expansion, and all signs point to completing this Wave C leg.